HB 1926 Oklahoma House · 2026 Regular Session

Economic development; appropriation; Oklahoma Department of Commerce; Community Development Financial Institutions; effective date; emergency.

HB 1926 appropriates $30 million from Oklahoma's General Revenue Fund to the Department of Commerce for a program partnering with SBA-certified Community Development Financial Institutions (CDFIs). This funding directly supports small businesses by enabling CDFIs to provide loans to owners, particularly in underserved communities. The program will operate using unallocated funds for the 2026 fiscal year and takes effect July 1, 2025. The bill creates a specific funding mechanism to expand small business lending access through established community-focused lenders.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025 Last action Feb 4, 2025
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Committee
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Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors

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Legislator
Party
State
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P
Photo of Ron Stewart
Ron Stewart
DDemocratic
OK
73